Correlation Analysis Between Bitstamp Bitcoin and primexbt Bitcoin

This module allows you to analyze existing cross correlation between Bitstamp Bitcoin USD and primexbt Bitcoin USD. You can compare the effects of market volatilities on Bitstamp Bitcoin and primexbt Bitcoin and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Bitstamp Bitcoin with a short position of primexbt Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitstamp Bitcoin and primexbt Bitcoin.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Bitstamp Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Bitstamp Bitcoin is not utilizing all of its potentials. The prevalent stock price chaos, may contribute to medium term losses for the stakeholders.
primexbt Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days primexbt Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, primexbt Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.

Bitstamp Bitcoin and primexbt Bitcoin Volatility Contrast

Bitstamp Bitcoin USD  vs.  primexbt Bitcoin USD

Bitstamp

Bitcoin on Bitstamp in USD

 9,876 
23.07  0.23%
Market Cap: 1100.9 B
  

primexbt

Bitcoin on primexbt in USD

 10,052 
120.00  1.21%
Market Cap: 27.1 B
(176.45)
1.79% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bitstamp Bitcoin is expected to generate 9.31 times less return on investment than primexbt Bitcoin. But when comparing it to its historical volatility, Bitstamp Bitcoin USD is 9.32 times less risky than primexbt Bitcoin. It trades about 0.71 of its potential returns per unit of risk. primexbt Bitcoin USD is currently generating about 0.71 of returns per unit of risk over similar time horizon. If you would invest  993,200  in primexbt Bitcoin USD on August 20, 2019 and sell it today you would earn a total of  12,000  from holding primexbt Bitcoin USD or generate 1.21% return on investment over 30 days.

Pair Corralation between Bitstamp Bitcoin and primexbt Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Bitstamp Bitcoin and primexbt Bitcoin

Bitstamp Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp Bitcoin USD and primexbt Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on primexbt Bitcoin USD and Bitstamp Bitcoin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Bitstamp Bitcoin USD are associated (or correlated) with primexbt Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of primexbt Bitcoin USD has no effect on the direction of Bitstamp Bitcoin i.e. Bitstamp Bitcoin and primexbt Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.


 
Search macroaxis.com